So can stock markets APPEAR healthy and thus respond with bullish action in spite of everything I've mentioned?
Yes, and for irrationally long periods of time.
I still think that the state of the U.S. economy dictates some days of very bad triple-digit losses for the DOW in the future, and reality dictates they should come soon.
The only question that remains is, “How long can the Feds forestall this from happening?”
If they get their way, they won't happen for a while, but if reality wins out, they may be coming soon.
And if they don't happen soon? Does it mean the underlying economy is healthy?
Far from it. Stay tuned!
By J.S Kim
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